Amarc and Freeport Detail Further Expansion of High-Grade AuRORA Copper-Gold-Silver Deposit
AXREF has more than doubled off its 52-week low of $0.27 on elevated volume (3.5× avg).
Summary
Amarc Resources announced the remaining positive assay results from its 2025 expansion drilling at the AuRORA Deposit, confirming significant growth and high-grade mineralization, further solidifying its potential as a world-class asset.
Key Events · Product Development and Regulatory · AXREF
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Continued AuRORA Deposit Expansion
The AuRORA Deposit has expanded to 1.4 km by 0.8 km, with new drilling extending it +400 m to the north and over +500 m to the east/southeast. The deposit remains open for further expansion.
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High-Grade Assay Results
New assay results from 12 expansion holes confirm significant copper-gold-silver mineralization, including intercepts like 117 m of 0.19% Cu, 0.49 g/t Au, and 2.2 g/t Ag.
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New Molybdenum Mineralization
Several drill holes in the southeast area of AuRORA returned significant molybdenum intercepts, adding to the deposit's potential value.
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New Potential in NWG Target
Promising gold-silver-copper mineralization was intercepted in the Northwest Gossan (NWG) Target area, indicating further discovery potential beyond the main AuRORA deposit.
Analysis · AXREF · Energy & Transportation
This 6-K filing provides the remaining assay results from the 2025 expansion drilling at the AuRORA Deposit, further detailing the significant growth of this high-grade copper-gold-silver discovery. The deposit now spans 1.4 km by 0.8 km and remains open for further expansion in multiple directions. The continued positive results, including new molybdenum mineralization and potential in the NWG Target, reinforce the asset's "Tier One" potential. This follows the previous announcement of significant expansion on 2026-01-15 and Freeport-McMoRan's commitment to further substantial funding, underscoring the project's strategic importance and de-risking its development.
At the time of this filing, AXREF was trading at $1.06 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $238.8M. The 52-week trading range was $0.27 to $1.11. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.